US: Mexico-based GCC has concluded two bank loan agreements totalling US$135m to fund the expansion of its cement plant in Odessa, Texas. The loans have five- and ten-year maturities respectively, and will support development at the site. GCC did not provide further details in its statement.
It said “These facilities reflect GCC's continued commitment to strengthen its operating and financial performance, while increasing the company's financial flexibility.”
In addition to the Odessa plant, the producer has cement plants in Rapid City, South Dakota; Trident, Montana; Tijeras, New Mexico; and Pueblo, Colorado.
